Michael brought a flight to Florida for $523 if he made a down payment of 10% and obtained an installment loan over 18 months if the interest rate was 7% find the monthly payment

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Daniele Orlando asked Nov 4, 2023

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Michael brought a flight to Florida for $523 if he made a down payment of 10% and obtained an installment loan over 18 months if the interest rate was 7% find the monthly payment

Mathematics
college

Daniele Orlando asked Nov 4, 2023

by Daniele Orlando

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19 votes

1) Gathering the Data

$523

Down payment: $ 52.3 (10%)

Time: 18 m

i = 7%

Renil Babu answered Nov 9, 2023

by Renil Babu

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